Global demand for tissue engineering market was valued at approximately USD 9.88 billion in 2019, and is expected to generate revenue of around USD 25.68 billion by end of 2026, growing at a CAGR of around 14.8% between 2020 and 2026.
The report covers forecast and analysis for the tissue engineering market on a global and regional level. The study provides historic data from 2016 to 2019 along with forecast from 2020 to 2026 based on revenue (USD Million). The study includes drivers and restraints for the tissue engineering market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the tissue engineering market on a global as well as regional level.
In order to give the users of this report a comprehensive view on the tissue engineering market we have included competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate and general attractiveness.
The report provides company market share analysis in order to give a broader overview of the key players in the tissue engineering market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new indication launch, agreements, partnerships, collaborations & joint ventures, research & development, regional expansion of major participants involved in the tissue engineering market on global and regional basis.
The study provides a crucial view on the tissue engineering by segmenting the market based on application and region. All the segments of tissue engineering market have been analyzed based on present and future trends and the market is estimated from 2016 to 2026.
The global demand for tissue engineering market is driven by growing adoption of tissue engineering in regenerative medicine industry, rise in healthcare expenditure, and increasing funding for research and development. However, lack of awareness and high cost may act as restraining factors for the market growth in the coming years. Increasing collaboration and technological advancements are projected to bring new growth avenues for market players during the forecast timeframe.
The tissue engineering market has been divided into application and region. Based on application, global tissue engineering market is segmented into gynecology, cell banking & cord blood, dental, urology, integumentary & skin, cardiology, neurology, musculoskeletal, orthopedics, & spine, and others. Market was dominated by musculoskeletal, orthopedics, & spine segment in 2019 and is projected to retain its dominance over the forecast timeframe. This is because of high number of spine and orthopedic surgeries.
North America held largest revenue share of the global tissue engineering market in 2018. This large share is attributed to high prevalence of lifestyle related disorders, government funding, and presence of state-of-the-art treatment facilities in this region. Europe was second leading regional market in terms of revenue. Availability of developed infrastructure, increasing geriatric population, and growing awareness are major factors that support market growth in this region. Asia Pacific region is projected to be rapidly growing regional market for tissue engineering. Increasing geriatric population base, improvement of healthcare infrastructure, increasing disposable income and healthcare spending, growing awareness are major factors attributing to the swift growth in this region. Moderate growth is projected in Latin America region over the forecast period. Middle East and Africa will witness sluggish growth in the coming years.
Major players in tissue engineering market are Zimmer Biomet Holdings, Inc, Medtronic plc, Allergan plc, ell, Inc., Athersys, Inc, Tissue Regenix Group plc, Organogenesis Holdings Inc, Stryker Corporation, Integra LifeSciences Corporation, RTI Surgical, Inc., Baxter International, Inc., ReproCell, Inc., and Integra LifeSciences Corporation among others.
The report segment of global tissue engineering market as follows:
Global Tissue engineering Market: Application
Global Tissue engineering Market: By Region